⚖️Cboe Updates Application Fee Timing and Withdrawal Regulations
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules To Clarify the Timing Requirements of When Fees Must Be Submitted With an Application and When the Application Will Be Deemed To Be Automatically Withdrawn
Summary
The Securities and Exchange Commission has published a notice regarding Cboe Exchange's proposed rule changes aimed at clarifying application fee submission deadlines and withdrawal timelines. These amend existing rules to provide more flexibility for prospective Trading Permit Holders in submitting fees and clarify application processing timelines, thereby enhancing operational efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes by Cboe Exchange clarify the timing of fee submissions with applications and the withdrawal process for applications. These regulations affect Trading Permit Holders (TPHs) and can influence their operational timelines and compliance requirements. Such regulatory updates may require business owners to adapt their application processes and financial planning accordingly.